Catylist ID:
#30869624
14 Residential Apartments at Market Rates-Fully Approved
Multi-Family
for Sale
| Catylist Listing ID: | 30869624 |
| Property Subtypes: | Low-Rise/Garden |
| Building Status: | Proposed |
| Number of Units: | 14 Units |
| Building Size (RSF): | 13,248 SF |
| Gross Land Area: | 0.12 Acres |
| Sale Price: | $1,095,000 |
| Unit Price: | $78,214.29 Per Unit |
| Property Use Type: | Investment |
| Building Name: | Clay Street Residences |
| Usable Size (USF): | 13,248 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/24/2024 |
Overview / Comments
|
This fully approved conversion project in the bustling city of Manchester, NH, offers 13,000+ square foot tri-level residential apartments with elevated city views. This former warehouse is ready for redevelopment with no excavation required due to the sound building structure and foundation. The plans include 14 residential units at market rate: - 8 one-bedroom units - 4 two-bedroom units - 2 three-bedroom units Enhancements and added value include on-premises laundry, bike storage, and off-street parking. Manchester is one of the top urban markets in the country. There is a high demand for housing in the city of Manchester. The proforma and approved plans can be provided with a signed NDA. |
Attachments & Media
Financials
| Finance Data Year | 2024 |
|---|---|
| Real Estate Taxes - Annual($) | $7,040 (Annual) |
Additional Details
| Nearest MSA: | Manchester-Nashua |
| County: | Hillsborough |
| Taxing Authority: | City of Manchester |
| Tax ID/APN: | 264/0012 |
| Zoning: | R-3 |
| Percent Occupied: | 0% |
| Property Located Between: | Elm Street and Rt 93 |
| Highway Access: | Rt 293 and Rt 93 Downtown Manchester |
| Airports: | Manchester-Boston Regional Airport |
| Site Description: | Large city lot with 5,000 SF fenced in / off street parking |
| Area Description: | Located on the edge of downtown and the residential area. Nice neighborhood with many single and multi-families nearby. |
| Total Number of Buildings: | 1 |
| Number of Stories: | 3 |
| Year Built: | 1919 |
| Roof Type: | Gable |
| Construction/Siding: | Brick/Vinyl Siding |
| Parking Type: | Surface |
| Laundry: | Shared |
| Sprinklers: | Wet |
| Heat Type: | Natural Gas |
| Fuel: | Gas |
| Lot Frontage: | 100 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 28,131 | 102,614 | 148,968 |
| Median Age: | 34.69 | 37.11 | 37.57 |
| Households: | 11,178 | 42,193 | 59,501 |
Contact
Douglas C MartinKW Commercial, NHNECPE Member |
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